Capital Flows to Latin America and the Caribbean: 2014 Overview

Divergence in macro trends and in monetary policy in advanced economies was a dominant driver of rates and currencies in emerging markets in 2014. Diverging macroeconomic developments were reflected in different monetary policy actions in 2014, with the European Central Bank (ECB) and the Bank of Ja...

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Otros Autores: NU. CEPAL. Oficina de Washington
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Lenguaje:English
Publicado: ECLAC 2015
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Acceso en línea:http://hdl.handle.net/11362/37739
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spelling oai-11362-377392020-11-17T01:15:48Z Capital Flows to Latin America and the Caribbean: 2014 Overview NU. CEPAL. Oficina de Washington MERCADOS DE CAPITAL BONOS CREDITO INDICADORES ECONOMICOS SISTEMAS MONETARIOS RECURSOS FINANCIEROS CAPITAL MARKETS BONDS CREDIT ECONOMIC INDICATORS MONETARY SYSTEMS FINANCIAL RESOURCES Divergence in macro trends and in monetary policy in advanced economies was a dominant driver of rates and currencies in emerging markets in 2014. Diverging macroeconomic developments were reflected in different monetary policy actions in 2014, with the European Central Bank (ECB) and the Bank of Japan (BOJ) moving in the opposite direction of the U.S. Federal Reserve. The unwinding of the U.S. monetary stimulus, while the ECB and the BOJ step up their monetary stimulus, has underpinned an appreciation by the U.S. dollar, in which most commodities are priced. Latin American markets, which started the year under pressure from fears of the U.S. Federal Reserve tapering off its quantitative easing program and concerns over stability, ended 2014 under pressure from a stronger U.S. dollar. However, there are many signs that a slowdown in LAC financial markets – particularly debt markets, which have been breaking records in debt issuance for the past six years – is under way. The region’s growth prospects look somewhat brighter in 2015 relative to 2014, but a strengthening U.S. dollar, uneven global growth and weakness in commodity prices are skewing the risk toward the downside for the 2015 forecasts across the region. 2015-03-05T14:56:11Z 2015-03-05T14:56:11Z 2015-02 Texto Documento Completo http://hdl.handle.net/11362/37739 LC/WAS/L.133 en .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC
institution Cepal
collection Cepal
language English
topic MERCADOS DE CAPITAL
BONOS
CREDITO
INDICADORES ECONOMICOS
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
CAPITAL MARKETS
BONDS
CREDIT
ECONOMIC INDICATORS
MONETARY SYSTEMS
FINANCIAL RESOURCES
spellingShingle MERCADOS DE CAPITAL
BONOS
CREDITO
INDICADORES ECONOMICOS
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
CAPITAL MARKETS
BONDS
CREDIT
ECONOMIC INDICATORS
MONETARY SYSTEMS
FINANCIAL RESOURCES
Capital Flows to Latin America and the Caribbean: 2014 Overview
description Divergence in macro trends and in monetary policy in advanced economies was a dominant driver of rates and currencies in emerging markets in 2014. Diverging macroeconomic developments were reflected in different monetary policy actions in 2014, with the European Central Bank (ECB) and the Bank of Japan (BOJ) moving in the opposite direction of the U.S. Federal Reserve. The unwinding of the U.S. monetary stimulus, while the ECB and the BOJ step up their monetary stimulus, has underpinned an appreciation by the U.S. dollar, in which most commodities are priced. Latin American markets, which started the year under pressure from fears of the U.S. Federal Reserve tapering off its quantitative easing program and concerns over stability, ended 2014 under pressure from a stronger U.S. dollar. However, there are many signs that a slowdown in LAC financial markets – particularly debt markets, which have been breaking records in debt issuance for the past six years – is under way. The region’s growth prospects look somewhat brighter in 2015 relative to 2014, but a strengthening U.S. dollar, uneven global growth and weakness in commodity prices are skewing the risk toward the downside for the 2015 forecasts across the region.
author2 NU. CEPAL. Oficina de Washington
author_facet NU. CEPAL. Oficina de Washington
format Texto
title Capital Flows to Latin America and the Caribbean: 2014 Overview
title_short Capital Flows to Latin America and the Caribbean: 2014 Overview
title_full Capital Flows to Latin America and the Caribbean: 2014 Overview
title_fullStr Capital Flows to Latin America and the Caribbean: 2014 Overview
title_full_unstemmed Capital Flows to Latin America and the Caribbean: 2014 Overview
title_sort capital flows to latin america and the caribbean: 2014 overview
publisher ECLAC
publishDate 2015
url http://hdl.handle.net/11362/37739
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